Power Mech Projects Adjusts Evaluation Amid Mixed Technical Indicators and Strong Sales Growth
Power Mech Projects has recently adjusted its evaluation score, indicating a shift in its technical trend. The company reported a significant increase in net sales for the quarter ending December 2024, alongside strong performance metrics. Despite challenges in long-term growth, it maintains high institutional interest.
Power Mech Projects, a midcap player in the engineering sector, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in the technical trend, moving from a mildly bearish stance to a sideways position. The company's technical indicators present a mixed picture, with the MACD showing bullish signals on a weekly basis, while the monthly outlook remains mildly bearish. In terms of performance metrics, Power Mech Projects reported a notable increase in net sales for the quarter ending December 2024, reaching Rs 1,337.97 crore, which represents a growth rate of 20.81%. The company also achieved its highest PBDIT at Rs 150.95 crore and a PBT less other income of Rs 112.39 crore.
Despite a strong return of 14.52% over the past year, the company has faced challenges with long-term growth, as its operating profit has grown at an annual rate of 14.38% over the last five years. The stock is currently trading at a discount compared to its peers, with a price-to-book value of 4.4 and a return on equity of 13.9%.
With high institutional holdings at 28.14%, Power Mech Projects continues to attract attention from investors who are keen on its fundamentals.
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